Word: budgeteer
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...that there is an economic crisis going on? FlyBy has been living under a rock for the past year, but thanks to the latest episode of Grey's Anatomy, we've discovered that not even our love/hate relationship with the residents at Seattle Grace is immune from budget cuts...
...Finances Naturally, some Londoners are worried that organizers won't be able to stick to their ?9.3 billion ($14.8 billion) budget and taxpayers will end up shelling out any extra money required. Of the public Olympic financing bodies, the British government is kicking in nearly ?6 billion ($9.5 billion), the National Lottery ?2.2 billion ($3.5 billion) and the city government ?1.2 billion ($1.9 billion). There's also a second budget of ?2 billion ($3.2 billion) that is being privately funded. Still, it's difficult to say how much will eventually be spent to host the event. "No one will ever...
...held in venues at the brand new Olympic Park in Stratford, East London. Construction is underway at the park's "Big Five" venues - the main Olympic stadium, the aquatics center, the velodrome, the Olympic village and the broadcast/media center. London is on track as far as timing and budget are concerned, which is a feat considering this is the largest building project anywhere in Europe, said John Armitt, head of the Olympic Delivery Authority. The International Olympic Committee has also taken notice: Chairman Denis Oswald said recently he is "greatly impressed by the good progress that London 2012 has made...
...there are some concerns that costs could spiral out of control. London Mayor Boris Johnson has put forth a plan to cut ?20 million ($32 million) from the budget by holding certain events (boxing, shooting, rhythmic gymnastics and badminton) in existing venues such as Wembley Arena - even if this means longer transport time for athletes staying at the Olympic Village. In response to recent opposition from the Olympic Board, which in addition to Johnson includes Lord Sebastian Coe, the LOCOG chairman, the ever-quotable Johnson evoked former Soviet leader Nikita Khrushchev, saying: "If I have to take my shoe...
Cariocas, as the residents of Rio call themselves, are still reeling from the cost of the last big athletic event held in their city. The budget for the Pan American Games of 2007 was $177 million. It probably cost several times that at the end (some reports estimate it at close to $2 billion). For the biggest athletic event of all, the Rio Olympic organizing committee has set its budget at $2.82 billion, with another $11.1 billion going to related expenses such as transport, power and security. (Another $170 million has been set aside for the Paralympic Games which usually...